The bull market is ready to launch? !
The Fed's defensive rate cut is on the way. What is defensive? It means cutting interest rates before the economy has entered recession. This type of rate cut has historically triggered a rise in US stocks, with an average increase of about 20% in the following year. The recent strength of US stocks is due to trading defensive rate cut expectations in advance, rather than trading recessionary rate cuts. Therefore, we still need to continue to pay attention to the employment situation, inflation level and economic trends in the United States. As long as the economy can maintain a strong momentum, risky assets such as US stocks and crypto assets will continue to strengthen. (The probability of a 25 basis point rate cut in September is 64%, and the probability of a 50 basis point rate cut is 36%)
Bitcoin has been sideways for almost half a year, and the beginning of the big bull market in the fourth quarter that we are pinning on is getting closer and closer. Since it plunged below 50,000 on August 5, the adjustment has ended. We must bravely participate in it. Recently, it has repeatedly drawn doors near 60,000 to further wash out the unsteady chips. These trends are all preparing for the main upward trend in the fourth quarter. There is still a chance to break through six figures before the end of the year. The reason is that global inflation will continue, and a part of the huge amount of profit-taking in US stocks will always flow into the crypto market as a new asset allocation. The crypto market has become a new reservoir of US dollars. As the most inflation-resistant risk asset, Bitcoin will naturally be further favored by institutions. Visible wealth will definitely come, it's just a matter of sooner or later $BTC